First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sets New 12-Month High – What’s Next?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $145.98 and last traded at $145.59, with a volume of 1021 shares changing hands. The stock had previously closed at $145.10.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.9 %

The company has a market cap of $1.19 billion, a price-to-earnings ratio of 21.72 and a beta of 1.04. The business has a 50-day moving average price of $135.25 and a 200 day moving average price of $126.97.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0999 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.27%. This is an increase from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FTC. LRI Investments LLC purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the first quarter valued at $31,000. Hilltop National Bank acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the second quarter valued at $84,000. Zions Bancorporation N.A. acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the second quarter valued at $147,000. FMR LLC lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 80.1% in the 3rd quarter. FMR LLC now owns 1,799 shares of the company’s stock worth $236,000 after acquiring an additional 800 shares in the last quarter. Finally, LexAurum Advisors LLC boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 8.6% during the 3rd quarter. LexAurum Advisors LLC now owns 1,906 shares of the company’s stock worth $251,000 after acquiring an additional 151 shares during the period.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth Index (the Index).